Quarterly report pursuant to Section 13 or 15(d)

Short-term Investments

v2.4.0.6
Short-term Investments
9 Months Ended
Dec. 31, 2012
Short-term Investments [Abstract]  
Short-term Investments
Short-term Investments
The following table presents short-term investments as of December 31, 2012 and March 31, 2012:
(in thousands)
December 31, 2012
 
March 31, 2012
Certificates of deposit
$
4,662

 
$
6,061

Held-to-maturity, pre-refunded municipal bonds
20,561

 
8,394

Total investments
$
25,223

 
$
14,455


The fair value of investments approximates their carrying amounts due to the short-term nature of these financial assets.